Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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You’ve got 15 million of my shares to try and get an answer out of him or are you happy to play the waiting game??? Up to you all
Nice one safe. A lot nicer put that I could have ever written. It is now getting to a point where Patrick is withholding price sensitive information. Either the talks have progressed or broken down. Failing to give out such information is withholding price sensitive information the very thing pc preaches when we write him an email.
Don't often post and usually don't agree with safetrader but I agree, we've all been very patient surely we are due an update now
You’ll cringe at this safe but I’ve recommended your post. Cracking post.
Yip I also ticked up Safe's post which is balanced and reasonable.
PC previously gave us info like the CRMC's mining guy had been to site as part of due diligence; he did not have to tell us that but chose to share that info. It is not longer tenable to not update shareholders, he can simply say discussions are ongoing or they have ended. Yes if they ended the SP will crater but I think most of us would prefer to know.
I guess we are due the annual results soon so perhaps PC is waiting until then to give us an update as part of that RNS so we ought to find out one way or another in the next week or two.
Not often I agree with Safe but I most certainly agree with his last paragraph,!!!
Can't argue with that at all.
Coming on for 4 months now with no update.
Extract :-
"Looking to the future, we believe that the US$1.2 trillion infrastructure spending stimulus recently passed by the US Senate and embraced by President Joe Biden, together with Biden's climate plan will give further impetus to pozzolan demand and so we are looking at possibilities to grow our business by acquiring additional pozzolan deposits favourably located for other regional centres of concrete demand in the western United States."
You haven't sold one chip of pozzolan yet after all this time since the mining licence was approved, and you want to buy more deposits !! You are an eternal dreamer PC living out your dreams with other peoples money. Why don't you just own up - you have been strung along and have been hung out to dry. If it has all gone wrong, then tell us. If we are still on track, then tell us what the hell you are actually doing, and if you have any reasonable time scales in mind.
It does not matter what NDA's you might have in place, if they are at all reasonable, then they should not preclude you from telling your shareholders what is happening - you have a duty to do so. No names are necessary - just what is happening ?
your summary makes sense SDG, definitely a new company, so i'd imagine we are still talking to the original CRMC,
The purchaser "Eco Material Technologies Inc" appears to have zero web presence (someone correct me if I've missed it somehow) so I suspect it's a new thing that the two private equity companies (One Equity Partners & Quadrant Management Inc) have set up just for this purpose. That means they won't have a deep understanding of what they're buying, particularly an undeveloped component such as Kirkland, hence the earn-out.
https://en.wikipedia.org/wiki/Earnout
A pity we don't know what the earn-out terms are, as it would obviously help in valuing CS.
What we do know now is that our CRMC wasn't the buyer, though they may have been in the bidding. So the "Plan B" scenario in my earlier post is a possibility.
At least the fly-ash landscape in West USA is now clarified, though "The transaction is subject to customary conditions precedent and completion adjustments, and is expected to complete in FY2022, allowing for the regulatory approval process." Boral's FY ends on 30 June - I hope we're not held up till then! Probably not, as if it's a new company buying then there's unlikely to be issues with monopoly rules etc.
the note at the bottom of the statement is an interesting one
"Includes US$735 million on completion and two deferred $10 million payments at 12- and 24-months following completion. An additional earn-out opportunity linked to completion and performance of the Kirkland natural pozzolan mining project is also possible, over and above the US$755 million."
QUOTE
''“For Boral’s shareholders, we have now unlocked substantial value through a successful divestment program.
''UNQUOTE
Hopefully this be us soon :-)
Come Patrick pull your finger out son , A nice Christmas prezzie pleaseeeeeeeeeeeeeeeeeeee
Just what the doctor ordered :-)
It's printed on another web site.
6 0.2 1450000 0.19 0.21 15:46:38 1,450,000
My buy at about 15 45 has not appeared on the share trades monitor ?
1,450,000 SRES
Dealt price: GBP 0.00200
Bringing the average down to 0.0023
Who dares wins and all that .....
PC will not answere mails where he is challenged ,criticised , confronted or basically anything he thinks is having a go at him .he throws his toys out of the Pram and blames everyone from day traders , to investors for the companies failings .he states he is not responsible for day to day movement in share price .however he is for the monthly .quarterly .bi annual .annual .5yearly ,ten yearly decline isn’t he .bit of an oversight that comment wasn’t it Patrick !
Joined the 'Priority Email group' for SRES. What priority. I have received nothing and having sent a couple of easy to answer questions myself I am still waiting for any recognition. Complete waste of time.
All together now ...
"Jingle Bells Sunrise smells PC's flown away
Oh what fun it is to ride the SP down all the way
Oh Jingle Bells Sunrise smells no more news again today
Oh what fun it is to be a Sunrise holder all the way " - NOT
Zzzzzzz
Cheatham - you are a disgrace of a man !
Just to make sure that Sunrise Resources hadn't been registered as a Dormant company.
Apparently not, bit of a surprise really.
Comeon hasn’t the bottle to call pc. He’s never ever called pc in last 10 years. Oops comeon , nobster has just called you out. Call him
If your so all disgruntled, call pc or email him and have it out. I feel the same as you but not posting it on this board . I don’t want to put of newbies . Come on let see you call pc and have it out with him. Then if your unhappy then it’s easy just sell.